Bolivia issues ultimatum for oil companies to renegotiate contracts

The Bolivian government on Tuesday issued an ultimatum to oil companies, setting an October 31 deadline for them to sign new contracts following the nationalization of the country’s energy resources.

‘If by October 31 they have not agreed to the relevant contracts that benefit the company and benefit the country, we shall have to proceed according to the nationalization decree. Those companies will no longer be able to operate in the country,’ Bolivia’s Vice President Alvaro Garcia Linera said.
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